The World Bank predicts that Indonesia's economy will continue to grow well amidst the prospect of a weakening global economy. The global economic outlook is expected to get worse if a financial crisis or economic recession occurs. The Head of World Bank Representative for Indonesia and Timor-Leste,... [read more]

Bank Indonesia (BI) estimates that the economic growth of five ASEAN countries, namely Indonesia, Malaysia, Philippines, Singapore and Thailand, will range between 4.6-4.7% in 2023. According to Perry, ASEAN has the potential to become the epicentre of world economic growth. Therefore, efforts to bo... [read more]

PT Metropolitan Land Tbk (MTLA) to add a commercial facility in the Metland Cyber Puri project on a total land area of 1.4 hectare called One District at Puri. The project has recently reached the topping off phase and is estimated to be operational in the second quarter of 2023. One District at Pur... [read more]

Twenty private companies from Singapore have shown interest to invest in the development of Nusantara Capital City (IKN), East Kalimantan as contained in the Letter of Intent signed between President Joko Widodo and Singapore Prime Minister Lee Hsien Loon in the Leaders’ Retreat on 16 March 2023. In... [read more]

PT Garudafood Putra Putri Jaya Tbk (GOOD) plans to expand into the property sector this year. This plan includes leasing of warehouse in Lampung and office space in Jakarta. The expansion plan will require an investment value of Rp3.5 billion for buildings renovation from the company’s funding. [read more]